Greystone Financial Group LLC Purchases 876 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greystone Financial Group LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 33.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,485 shares of the semiconductor manufacturer’s stock after acquiring an additional 876 shares during the quarter. Greystone Financial Group LLC’s holdings in Advanced Micro Devices were worth $565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the period. Morton Brown Family Wealth LLC increased its stake in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the period. Northwest Bank & Trust Co purchased a new stake in Advanced Micro Devices in the fourth quarter worth $28,000. Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares during the period. Finally, Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AMD. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. TD Cowen reiterated a “buy” rating and issued a $210.00 target price on shares of Advanced Micro Devices in a research note on Monday, August 19th. KeyCorp cut their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.45.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $5.09 on Friday, reaching $134.35. 39,887,977 shares of the stock were exchanged, compared to its average volume of 61,473,988. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The firm has a market capitalization of $217.15 billion, a price-to-earnings ratio of 197.57, a PEG ratio of 2.03 and a beta of 1.69. The business has a 50 day moving average price of $151.31 and a two-hundred day moving average price of $162.90.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.